Binance Introduces P2P Merchant Protection Plan for MENA and South Asia

According to the announcement from Binance, the platform has unveiled the Binance P2P Merchant Protection Plan, targeting new and existing merchants in selected MENA and South Asia countries. This initiative aims to provide a secure trading environment and enhance protection for merchants engaging in peer-to-peer transactions. The promotion period for this plan is set from 2025-10-16 00:00 (UTC) to 2025-12-31 23:59 (UTC). New merchants joining Binance P2P during the promotion period will automatically qualify for the Merchant Protection Plan without needing a minimum trading volume or order count. This plan offers compensation for chargebacks or bank freezes, ensuring financial protection for affected orders. Existing merchants can also benefit from this plan if they meet the weekly threshold of at least 200 orders and a trading volume of $75,000. Compensation is capped at $500 per affected order, with additional compensation available for ad bidding orders and Gold/Pro/Shield merchants. To qualify for compensation, merchants must submit a compensation application within 30 days after order completion and meet at least two of the following conditions: confirmation from judicial authorities that the merchant’s bank account is frozen for more than 15 days, issuance of documents to Binance P2P to retrieve the buyer’s order record, or suspension of the merchant’s bank account from receiving payments exclusively for Binance P2P trades for the past 90 days. Compensation will be paid in USDT token vouchers, based on the order amount that caused the freeze or chargeback. However, certain scenarios, such as account freezes before the plan's launch or violations of Binance policies, are not eligible for compensation.